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Call on the Norway Pension Fund to divest in Shell

In February 28 Right Livelihood Award laureates wrote to the Norway Government Pension Fund asking it to divest all its holdings in Shell due to the severe environmental harm caused by the company's actions in the Niger Delta, Nigeria. Please join the laureates, including FoEI's Nnimmo Bassey, in calling for the pension fund to act now.

nigerian gas flaring 8The Norway Government Pension Fund was created by the Norwegian government to invest the income generated by the sales of Norwegian oil for future generations.

The pension fund's Council of Ethics sets guidelines as to what companies the fund can invest money in. Companies that directly or indirectly contribute to killing, torture, deprivation of freedom or other violations of human rights are excluded. Companies that breach certain environmental guidelines can also be excluded.

 

The 28 Right Livelihood Award laureates share our belief that Shell is in serious breach of the Council of Ethics' guidelines due to the continued environmental damage it is doing in the Niger Delta. As as a result the company should be kicked out of the pension fund.

Please join us in calling on Professor Ola Mestad the Chairman of the Council of Ethics to recommend the Norway Pension Fund divests all its holdings in Shell with immediate effect. 

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